The Sherwin-Williams Company (NYSE:SHW) Shares Sold by Bath Savings Trust Co

Bath Savings Trust Co decreased its holdings in shares of The Sherwin-Williams Company (NYSE:SHW) by 2.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 32,740 shares of the specialty chemicals company’s stock after selling 729 shares during the period. Sherwin-Williams makes up about 1.2% of Bath Savings Trust Co’s portfolio, making the stock its 26th biggest holding. Bath Savings Trust Co’s holdings in Sherwin-Williams were worth $11,432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SHW. Midwest Capital Advisors LLC acquired a new stake in Sherwin-Williams in the 4th quarter valued at $26,000. Park Square Financial Group LLC acquired a new position in shares of Sherwin-Williams during the fourth quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $28,000. Sierra Ocean LLC acquired a new stake in shares of Sherwin-Williams in the fourth quarter valued at about $36,000. Finally, WR Wealth Planners LLC grew its stake in shares of Sherwin-Williams by 41.7% in the fourth quarter. WR Wealth Planners LLC now owns 119 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 35 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Sherwin-Williams Trading Up 0.3%

NYSE SHW opened at $355.66 on Friday. The company’s fifty day moving average price is $344.48 and its two-hundred day moving average price is $354.05. The company has a market capitalization of $89.13 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 2.98 and a beta of 1.25. The Sherwin-Williams Company has a 12 month low of $282.09 and a 12 month high of $400.42. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.79 and a quick ratio of 0.46.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings results on Tuesday, April 29th. The specialty chemicals company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.23 by $0.02. The business had revenue of $5.31 billion for the quarter, compared to analysts’ expectations of $5.42 billion. Sherwin-Williams had a net margin of 11.61% and a return on equity of 74.50%. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.17 earnings per share. As a group, research analysts predict that The Sherwin-Williams Company will post 12 earnings per share for the current fiscal year.

Sherwin-Williams Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Friday, May 16th. Sherwin-Williams’s dividend payout ratio is presently 29.87%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SHW shares. Morgan Stanley reduced their price target on Sherwin-Williams from $405.00 to $385.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup reduced their target price on shares of Sherwin-Williams from $423.00 to $375.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Mizuho set a $395.00 price target on shares of Sherwin-Williams in a report on Tuesday, April 15th. Barclays cut their price objective on shares of Sherwin-Williams from $385.00 to $355.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $380.00 price objective (down previously from $423.00) on shares of Sherwin-Williams in a report on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Sherwin-Williams presently has an average rating of “Moderate Buy” and a consensus target price of $397.00.

Sherwin-Williams Company Profile

The Sherwin-Williams Company engages in the development, manufacture, distribution, and sale of paints, coating, and related products to professional, industrial, commercial, and retail customers. It operates through three segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group.